Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 159, 129 total housing units (homes and apartments), and a median house value of $387,865, Longville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Longville, accounting for 69.80% of the city's housing units. Other types of housing that are prevalent in Longville include mobile homes or trailers ( 13.86%), row houses and other attached homes ( 8.91%), and a few large apartment complexes or high rise apartments ( 6.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longville. Owner-occupied housing accounts for 86.05% of Longville's homes, and 64.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Longville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Longville built between 2000 and later ( 37.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.84%). There's also some housing in Longville built before 1939 ( 1.98%).
A decent proportion of the Longville housing stock is seasonally occupied. That is, homes and condos in Longville are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Longville housing market speaks to its popularity as a vacation location of choice.
Longville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Longville during the period has been just 5.61%, which is lower than 70% of US communities.
Over the last year, Longville appreciation rates have trailed the rest of the nation. In the last twelve months, Longville's appreciation rate has been 4.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longville were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes Longville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that Longville's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.
$387,865
for Minnesota
for nation
129
$1,548 / per month